MercoPress. South Atlantic News Agency
Eight out of 90 banks in Europe fail stress-test, five of them from Spain
Eight banks have failed Europe's bank stress test designed to assess whether they can weather another economic crisis while 16 banks barely passed, bank regulators said on Friday. Read full article
Comments
Disclaimer & comment rulesI suppose all the 'UK' banks have been re-capitalised by the taxpayers, so none appear in the listings.
Jul 16th, 2011 - 07:40 pm - Link - Report abuse 0All that remains is a debt per person/GDP of truely Icelandic proportions.
Be careful what you say about lceland, Geoff or you'll have Jon Thinksson onto you with all the bad things that the British have done in the last 2thousand years!
Jul 17th, 2011 - 09:56 am - Link - Report abuse 0Yeah, the four British banks they tested passed the stress test. As far as I am aware, the banks have all made pretty good recoveries and some are posting pretty healthy profits again. Let's us hope the tax-payer's money will be reimbursed asap as that is the plan.
Jul 17th, 2011 - 10:56 am - Link - Report abuse 0The main problem atm is that the banks are reluctant to lend any of that money they are hoarding.
. http://www.guardian.co.uk/world/2011/apr/10/iceland-icesave-debt-repayment-no-vote
Jul 17th, 2011 - 01:59 pm - Link - Report abuse 0Icelandic lolly pops.
Who mentioned this polar bear iceberg,
Not eye said the fish.,
Thanks, Isolde.
Jul 17th, 2011 - 08:59 pm - Link - Report abuse 0Yes, it was a Jan(Jon?)-tease; just to remind him that the debt incurred per person in the UK is of the same order as that incurred by the Icelanders.
Elaine,
I guess the 'British' banks are building up the bigger working/contingency reserve necessary to avoid injections of public money in the coming years. They would argue that they can not do this and maintain loan levels at the same time - and who am I to argue with a bank!
British banks know exactly what’s coming, we all do.
Jul 18th, 2011 - 08:29 pm - Link - Report abuse 0And if they protect themselves now, we will not be to badly affected, but if our banks refuse, then i can assure you, that they will go down with the rest of the European glass waggons, and this time the public will not allow a bail out,
we all know that Italy, is on the list, and the others cannot cope, the French and Germans have given so much, and put their own banks right in the loop, that if it all sinks, they will get almost destroyed, costing them billions, for there corruption , and the UK will very soon have to make that all important and very long awaited choice,
Stay, or withdraw, before we sink with them,
“Let's us hope the tax-payer's money will be reimbursed asap as that is the plan”
Jul 18th, 2011 - 10:04 pm - Link - Report abuse 0Keep hoping, because it's not going to happen. Matter of fact they will continue to push to keep interest rate close to ZERO and not to forget for more “austerity measures” so that they receive more money at the cost of the people.
“The main problem atm is that the banks are reluctant to lend any of that money they are hoarding. ”
A problem for us, not for them, because that's how the make money. The more they lend, the more they make (from thin air).
The people of Iceland did something right. It said, screw you holland and the UK, it's not our debt (ICE SAVE debacle). You took the risk, you face the consequences.
All major European banks (plus the UK) are on the hook of a default in Greece, Spain Italy etc etc. I say let them, the banks, fail and we will be fine.
“I say let them, the banks, fail and we will be fine.” (Fido #7)
Jul 20th, 2011 - 07:38 am - Link - Report abuse 0Fido, do you know what happens when banks 'fail'?
Fido, another lunatic like Jon-boy
Jul 20th, 2011 - 09:22 am - Link - Report abuse 0Commenting for this story is now closed.
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